Brief: Sotkamo Silver agrees with Euromin on Second Subscription

Sotkamo Silver AB

01/02/2017 09:35

Feb 1 (Reuters) - Sotkamo Silver AB  SOSIL.NGM : 
    * Agreed with Euromin on their second subscription and with 
Traxys on a marketing and financing term sheet 
    * Total amount of financing raised through second 
subscription Of Euromin and Traxys' offer is circa 19.3 million 
euros  ($20 million) 
    * Mining associates' subsidiary Euromin Limited, has 
subscribed for 1,351,533 shares as second subscription in 
Sotkamo  
    * Traxys' financing will provide up to 16.3 million euros to 
Sotkamo Silver Group 
    * Traxys has offered about 2.5 million euros in a bespoke 
working capital facility, to be adjusted as soon as project has 
entered into production 
 
Source text for Eikon:  ID:nWkrba0313  
     
Further company coverage:  SOSIL.NGM  
 
($1 = 0.9267 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))